Manufacturing PMI 51.9 in March vs. 52.6 in February Non-manufacturing PMI rises at fastest pace in nearly 12 years BEIJING, March 31 (Reuters) – Chinese manufacturing activity expanded at a slower pace in March, official data showed on Friday, raising doubts about the strength of a post-COVID factory recovery amid decline in global demand and … Read more
TOKYO, March 31 (Reuters) – Japan said on Friday it would restrict exports of 23 types of semiconductor manufacturing equipment, aligning its trade controls on the technology with U.S. pressure to limit China’s capacity to manufacture advanced chips. Japan, home to the world’s major chip-equipment makers such as Nikon Corp (7731.T) and Tokyo Electron Ltd … Read more
WASHINGTON, March 30 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Thursday banking regulations and supervisory rules needed to be reviewed following the failures of Silicon Valley Bank (SIVB.O) and the Signature Bank (SBNY.O). to ensure that the current risks of the banking system are taken into account. In remarks prepared for delivery to … Read more
Weekly jobless claims rise last week Faraday Future is ready to start production of luxury electric vehicles Roku wins on plans to cut 200 jobs Futures up: Dow 0.59%, S&P 0.61%, Nasdaq 0.68% March 30 (Reuters) – U.S. stocks were expected to open higher on Thursday as fears of a banking crisis subsided, while investors’ … Read more
BRUSSELS, March 30 (Reuters) – Alphabet’s Google Cloud (GOOGL.O) has accused Microsoft (MSFT.O) of anti-competitive cloud computing practices and criticized impending deals with several European cloud providers, saying they do not address broader concerns about its license terms. In Google Cloud’s first public comments on Microsoft and its European deals, its vice president Amit Zavery … Read more
SINGAPORE, March 30 (Reuters) – Asian stock markets posted recent gains on Thursday as fears of a banking crisis faded and investors wondered if a breakout in Chinese conglomerate Alibaba signaled a regulatory storm in Beijing targeting tech companies may finally wear off. The MSCI Asia Pacific ex-Japan equity index (.MIAPJ0000PUS) rose 0.2%. Like the … Read more
SHANGHAI/HONG KONG, March 30 (Reuters) – Alibaba Group (9988.HK) said on Thursday it would seek to monetize non-core assets and consider relinquishing control of some businesses as the Chinese tech conglomerate reinvents itself after a regulatory crackdown that erased 70% of its shares. Group CEO Daniel Zhang said splitting the company into separate businesses will … Read more
WASHINGTON, March 29 (Reuters) – Senate Energy Committee Chairman Joe Manchin said on Wednesday he may take legal action after the U.S. Treasury issued energy supply guidelines later this week. batteries for electric vehicle tax credits. “If this goes off the rails” and violates the intent of climate legislation approved in August, “I will do … Read more
LONDON, March 29 (Reuters) – Drugs that fight obesity could for the first time feature on the World Health Organization’s “essential medicines list”, used to guide governments’ purchasing decisions in low- and middle-income countries, the UN agency told Reuters. . A group of WHO advisers will review new drug requests for inclusion next month, with … Read more
MSCI All-World Index rises 0.3%, dollar eases UBS rehires Ermotti as head of merged unit Alibaba soars 13%, boosts other Chinese tech stocks Oil goes up, gold goes down LONDON, March 29 (Reuters) – Global stocks rose on Wednesday as investors welcomed greater stability in the banking sector, but optimism was not strong enough to … Read more
